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Merchant Shipping Act 1995
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- UK Public General Acts
- 1995 c. 21
- SCHEDULE 11
- Part I
- Article 22
- Interim payment
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Changes over time for: Cross Heading: Interim payment
Alternative versions:
- 01/01/1996- Amendment
- 21/11/2008
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Merchant Shipping Act 1995, Cross Heading: Interim payment is up to date with all changes known to be in force on or before 25 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Interim paymentU.K.
1U.K.The tribunal having jurisdiction over the claim of the salvor may, by interim decision, order that the salvor shall be paid on account such amount as seems fair and just, and on such terms including terms as to security where appropriate, as may be fair and just according to the circumstances of the case.
2U.K.In the event of an interim payment under this article the security provided under article 21 shall be reduced accordingly.
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